Ranch Duplex with Impact-Resistant
For Sale
$478,000
912-914 Ainsworth St W, Lehigh Acres, FL 33974
MULTI_FAMILY - Ranch - LEHIGH ACRES, FL
Property Size2,694 SF
Lot Size0.29 Acres
Price / SF$177.43
Days on Market502
Property Features for 912-914 Ainsworth St W
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
23-45-27-L4-05016.0030
Size
2,694 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LEHIGH ACRES UNIT 5 BLK 16 PB 20 PG 25 LOT 3
Tax Annual Amount
641
Legal Description
LEHIGH ACRES UNIT 5 BLK 16 PB 20 PG 25 LOT 3
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Well
Building Details
Year built
2025
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, ICFs (Insulated Concrete Forms), Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
eXp Realty LLC
(888) 883-8509
Listed By:
Lisset Franco, LLC · License #NAPLES-249515945
(239) 280-7484
Added: Apr 16, 2025
Changed: Aug 13
Last Checked: Aug 30 at 6:06AM
MLS# 225040210
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction for 2025 delivery, this ranch duplex at 912-914 Ainsworth St W is planned as a two-unit residential property designed for flexible living and rental use. Each side includes 2 bedrooms plus a den, 2 bathrooms, and a 1-car garage, with 1,347 square feet of living space per unit for a total of 2,694 square feet. Interior finishes include tile flooring, an open-concept layout, and modern kitchen features with stainless steel appliances, quartz countertops, and ample cabinet space. The home also includes impact-resistant windows and doors.
Construction is slated with concrete block and ICFs (Insulated Concrete Forms), with stucco exterior materials and a shingle roof. Climate is provided by central electric HVAC with central air and ceiling fans. A patio is included.
The property is zoned RM-2 and serviced by a well water source and a septic tank sewer system.
Construction is slated with concrete block and ICFs (Insulated Concrete Forms), with stucco exterior materials and a shingle roof. Climate is provided by central electric HVAC with central air and ceiling fans. A patio is included.
The property is zoned RM-2 and serviced by a well water source and a septic tank sewer system.
Key Highlights
- Under‑construction ranch duplex built in 2025, zoned RM‑2
- Each unit offers 2 bedrooms plus a den, 2 bathrooms, and a 1‑car garage
- 1,347 SF living space per unit; 2,694 SF total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,300
$573.3K
Cap Rate 7%
$409,500
$409.5K
Cap Rate 9%
$318,500
$318.5K
Market Conditions
NOI Build-Up for 2,694 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.6K $16.20/SF
− Vacancy
−$2.7K −$1.00/SF
EGI
$41.0K $15.20/SF
− OpEx
−$12.3K −$4.56/SF
NOI
$28.7K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,300
Cap Rate 7%
$409,500
Cap Rate 9%
$318,500
Alternative Uses
Best Use
Multifamily LT 5
$409.5K
$358.3K – $477.8K
NOI $28,665 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$356.2K
$311.7K – $415.6K
NOI $24,937 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$1.04M
$907.5K – $1.21M
NOI $72,598 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction 2025 ranch duplex with impact-resistant windows and doors, zoned RM-2, on well and septic.
Where is this duplex located?
The property is located at 912-914 Ainsworth St W Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $478,000.
What are key features of this property?
This property features: Under‑construction ranch duplex built in 2025, zoned RM‑2; Each unit offers 2 bedrooms plus a den, 2 bathrooms, and a 1‑car garage; 1,347 SF living space per unit; 2,694 SF total
